Rick Monteith Email & Phone Number

New York, New York, United States

New York, New York, United States

I rejoined JPM in January of 2010 and currently work as the Global Business Manager within the Shared Services Group of our Private Wealth Management Group. In this role, I have primary responsibility for business communication, ongoing training and quality improvement initiatives. I am also integrally involved in establishing and monitoring our group's strategic agenda as it relates to meeting the needs of the Private Wealth Management business from both a technology and operations perspective.Recently, I have been tapped to lead, on behalf of the Private Bank, efforts aimed at improving the way in which we engage, evaluate and ultimately hire third party vendors. This is the direct result of several recent regulatory reviews which have identified weaknesses from the firm's perspective in terms of how we both monitor and control our relationships with service providers. As part of this process we will be completely overhauling our workflows and implementing appropriate controls to more effectively manage these engagements.

Oversaw all administrative support and product capabilities for domestic Fiduciary business. Business employed 200 staff with annual revenues of $105 million and assets under supervision of approximately $18 billion. Product capabilities included investment management, tax preparation and special asset capabilities (real estate, oil & gas interests, limited partnerships, closely held interests, etc.)Led multi-year effort to re-establish and re-invigorate trust product offering and service capabilities. Initiatives included expansion of investment product offering, ongoing work to ensure that appropriate business risk / compliance controls were in place, and the development of our Fiduciary Solutions Group, which was charged with reviewing and pre-qualifying all domestic trust business.Also partnered with Finance team to develop more consistent financial information globally. Implemented consistent performance measures, improved profitability and accountability amongst all areas of the business.

Oversaw all business support for global Fiduciary business. Business generated annual revenues of more than $280 million with assets under supervision of $76 billion.Partnered in multi-year effort to rationalize the business' support, technical and operating model to improve overall client service and maximize profitability. Initiatives included the conversion of 22 Common Trust Funds to mutual funds and the evaluation of potential offshoring capabilities within our international business.Developed and implemented product and client profitability models. Achieved savings of $8.5 million on an $80 million operating budget. Initiatives included redesign of service delivery and enhanced consumption controls.

In the early part of my career at JP Morgan, I worked in and subsequently managed an internal consulting group. This group provided consulting resources to business units throughout the firm and was used as a developmental program for recent college graduates to develop the management skills required to assume advanced responsibiities within the firm.After having run the program for 10+ years, I transitioned to the Private Bank as the Chief Administrative Officer. In this role, I maintained daily administrative oversight of the global Private Banking business with annual revenues in excess of $800 million and an expense base of $365 million across 15 global locations. I also led the implementation of global management information capabilities designed to provide the executive management team with critical analytics used to determine market focus and product / service offerings.

Executive Mba, Finance / Business Administration

Activities and Societies: Member of Delta Mu Delta, National Business Honor Society

Education record